London pre-open: London to resume on firm note

3rd May 2011 07:40

After the long week-end London is set to open modestly firmer with City sources suggesting the blue-chip index may open around 16 points up from Thursday's close of 6,070.Catering giant Compass has added to its overseas operations with the acquisition of a food service business in Sweden. It will pay 16m (£1.6m) SEK for BGP Resurs, which is based in northern Sweden and serves business, industry and leisure sectors. BGP posted revenes of 26.5m SEK in 2010.It looks like another attempt by rebel shareholder Petr Shura to gain control of RGI, the AIM-listed developer of quality residential and retail properties within Moscow and the surrounding areas, has been thwarted. RGI's major shareholder, DES, has decided not to sell on its 40.22% stake in RGI to Synergy Classic, the company controlled by Shura.Hedge fund manager Man Group has announced the launch of an AHL open-ended fund in Japan, Nomura Global Trend, which has raised $1.5 billion. The fund began trading at the end of April 2011.